If this thing (or one like it) gets down to around $500-$600, I think it'll be a huge success, at least it would with me, I'd buy one in a second. Until then, as many have already pointed out, it makes no sense.
If this player was a Pioneer Elite, Denon, Onkyo, Marantz, etc, I'd have my checkbook out, but LG? They're supposed to offer products similar to higher priced alternatives for a lower price, not the other way around. Life's Good my a$$.